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Oct 26 (Reuters) - Brazilian right-wing Senator Flavio Bolsonaro has followed his imprisoned father's lead by refusing to concede defeat to leftist President Luiz Inacio Lula da Silva, who won a historic fourth term in Sunday's presidential election. Bolsonaro, the son of former President Jair Bolsonaro, called into question a late-Sunday decision by a Lula-appointed... Continue Reading →
Oct. 19 ( Guyanachronicle.com) GUYANA has secured another significant international economic milestone, with the Organisation for Economic Co-operation and Development (OECD) upgrading the country’s risk classification from Category Five to Category Four, a development expected to reduce the cost of certain types of international financing and strengthen access to funding for major development projects. The... Continue Reading →
Oct. 9 - Brazil could reach an oil production level of 4.9 million barrels per day by 2036, while investments in the expansion and modernization of energy infrastructure are expected to total approximately R$ 3.3 trillion between 2027 and 2036. These projections are part of the Summary Report for the Ten-Year Energy Expansion Plan 2036... Continue Reading →
Sept. 28 (Exxon) Producing one billion barrels of oil is an extraordinary milestone anywhere in the world. In Guyana, it represents a story of vision, partnership, and excellence that has reshaped the nation and the global energy landscape. Just over a decade ago, ExxonMobil and our co-venturers made a world-class discovery in Guyana's Stabroek block.... Continue Reading →
September 19, 2026 – Petróleo Brasileiro S.A. - Petrobras announces that its Board of Directors, at a meeting held this Friday, September 18, approved the Company’s participation in the economic subsidy program for producers and importers of diesel fuel and its blending components, established by Provisional Measure No. 1,391, dated September 11, 2026. The Company’s... Continue Reading →
Sept. 16 (oilprice.com) Argentina's controversial right-wing president, Javier Milei, slashed inflation with a brutal dose of economic austerity, but this came at a steep social cost. The cost of living is spiraling higher, fueling household debt, loan delinquencies, and economic hardship. Industrial output, since Milei took office, has declined sharply, with local companies closing at... Continue Reading →
Sept 16 (Reuters) - Brazilian state-run oil firm Petrobras said on Wednesday it will hike diesel prices to distributors by an average of 1 real ($0.1941) per liter as of Thursday, while also giving a discount of the same amount. As a result of the moves, which followed the company's decision to enroll in a... Continue Reading →
Aug 31 (Reuters) - A massive long-term oil deal expected to grant the U.S. access to a fifth of Venezuela's crude reserves has energy experts and lawyers questioning its legality and eventual execution, while calling on both governments for contract transparency. The unprecedented pact, announced by U.S. President Donald Trump on Friday and confirmed by Venezuela's interim... Continue Reading →
Aug 27 (Reuters) - Brazil's oil export tax was thrown into uncertainty on Thursday after a local court ordered the suspension of the levy while the government's foreign trade chamber approved extending it for another 60 days. The conflicting moves leave the future of the 12% tax, which is being challenged by oil companies, unclear... Continue Reading →
Aug 18 (Reuters) - Guyana is now entitled to 39.8% of crude production from a large ExxonMobil-led offshore project, the country's President Irfaan Ali said on Tuesday. The change - expected to greatly increase the country's oil revenue - comes after the Exxon-led consortium, the only one producing oil and gas in Guyana, recovered the... Continue Reading →
